Funding

Act 621 of 1959, § 407-D, under HOUSING FINANCE AGENCY LAW.

Act 621 of 1959, § 407-D

Section 407-D. Funding.

Implementation of this article shall be contingent upon sufficient program funds being deposited in the fund in accordance with section 406-D to carry out the purposes of this article. In a year in which Congress fails to approve Federal funds or there are insufficient program funds deposited into the fund for the purposes outlined in this article, the program shall cease until sufficient Federal funds are allocated to the Commonwealth, funds are specifically appropriated by the General Assembly or funds are provided by a source other than the Commonwealth.

(407-D added Nov. 23, 2010, P.L.1035, No.105)